DSF RENOVATION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DSF RENOVATION
Largest movements
- Stocks and contracts -€10,778
no longer reported in 2025 (was €10,778)
- Cash -€8,002
down €8,002 (-58.3%), from €13,723 to €5,721
mainly Net result for the year (-€24,333) and Receivables within one year (-€409)
- Receivables within one year +€409
up €409 (+43.0%), from €951 to €1,360
of which Trade receivables: +€268
- Profit (loss) carried forward -€24,333
down €24,333, from €11,931 to -€12,402
- Other debts +€5,741
up €5,741 (+102%), from €5,606 to €11,347
- Gross operating margin -€14,972
down €14,972 (-163%), from -€9,210 to -€24,182
- Other operating charges -€505
no longer reported in 2025 (was €505)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,602 | €7,231 | -€18,371 | -71.8% |
| Fixed assets | 21/28 | €150 | €150 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €25,452 | €7,081 | -€18,371 | -72.2% |
| Stocks and contracts in progress | 3 | €10,778 | - | -€10,778 | |
| Stocks | 30/36 | €10,778 | - | -€10,778 | |
| Amounts receivable within one year | 40/41 | €951 | €1,360 | +€409 | +43.0% |
| Trade receivables | 40 | - | €268 | +€268 | |
| Other amounts receivable | 41 | €951 | €1,092 | +€141 | +14.8% |
| Cash at bank and in hand | 54/58 | €13,723 | €5,721 | -€8,002 | -58.3% |
| Total equity and liabilities | 10/49 | €25,602 | €7,231 | -€18,371 | -71.8% |
| Equity | 10/15 | €19,991 | -€4,342 | -€24,333 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,931 | -€12,402 | -€24,333 | |
| Amounts payable | 17/49 | €5,611 | €11,573 | +€5,962 | +106% |
| Amounts payable within one year | 42/48 | €5,611 | €11,573 | +€5,962 | +106% |
| Trade debts | 44 | €5 | €226 | +€221 | +4,420% |
| Suppliers | 440/4 | €5 | €226 | +€221 | +4,420% |
| Other amounts payable | 47/48 | €5,606 | €11,347 | +€5,741 | +102% |
| Other operating charges | 640/8 | €505 | - | -€505 | |
| Gross operating margin | 9900 | -€9,210 | -€24,182 | -€14,972 | -163% |
| Operating profit (loss) | 9901 | -€9,715 | -€24,182 | -€14,467 | -149% |
| Financial charges | 65/66B | €138 | €151 | +€13 | +9.4% |
| Recurring financial charges | 65 | €138 | €151 | +€13 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,853 | -€24,333 | -€14,480 | -147% |
| Profit (loss) for the period | 9904 | -€9,853 | -€24,333 | -€14,480 | -147% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,853 | -€24,333 | -€14,480 | -147% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.